Analyst Views: Is Cranswick well placed to handle rising prices?

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DAMIAN MCNEELA PANMURE GORDON

Cranswick delivered an acceleration in second quarter sales growth...But continued high pig prices during the period has weighed on margins...We would expect the company to make good progress in recovering the inflation in the second half.

NICOLA MALLARD INVESTEC

The two things to note are that the top line growth in the second quarter has been excellent; you don’t tend to see food businesses growing at 17 per cent. And we also think that the margin pressure that they are currently seeing is short term.

DARREN SHIRLEY SHORE CAPITAL

In a UK grocery market struggling to consistently deliver growth above two to three per cent, Cranswick has once again delivered material out-performance…In the medium to long term, we continue to believe prospects remain very bright.